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Japan pledges to invest $30bn in Africa

NAIROBI, Kenya, August 27, 2016 (Al Jazeera) -- Japan will invest $30bn in Africa over the next three years, Prime Minister Shinzo Abe has pledged at a summit in Kenya.

Starting this year, Japan will make a $10bn investment in the continent's infrastructure development, focusing on electrical power, urban transport systems, roads and ports, Abe said at the Saturday opening of the Tokyo International Conference on African Development (TICAD).

Japan in Africa

TOKYO, Japan, August 21, 2016 (TICAD/WPost) -- On August 27 and 28, the Tokyo International Conference on African Development (TICAD) – the key platform to drive Japan’s development initiatives in Africa – will be held in Nairobi, Kenya.

While Africa has made great gains since the turn of the century, the collapse in prices of natural resources, the Ebola crisis and the rise of violent extremismand terrorism have highlighted the fragility of African development. The upcoming conference offers a timely opportunity to address the important challenges Africa faces today.

Assessing Russia's Relationship With Africa

MOSCOW, August 13, 2016 (Buziness Africa) -- Over the past two decades, Russia's efforts to regain its Soviet-era influence in Africa have achieved little success because "times have changed significantly, for example, a new economic and political environment, new emerging challenges, new competitive conditions and new bases for cooperation," according to Nataliya Zaiser, a Public Policy Advisor at Squire Patton Boggs Moscow office covering Russia, the Eurasian Union and Africa, and also the Chair (Head) of the Africa Business Initiative.

Russia: Looking For A Handshake With Africa

By Kester Kenn Klomegah*

MOSCOW, July 15, 2016 (Buziness Africa) -- As already well-known since Soviet days, Russia has pursued a pragmatic policy aimed at enhancing multidimensional ties with the countries of the continent on the bilateral and multilateral basis. Experts say while building mutually beneficial cooperation remains one of the main priorities of Russia, its economic cooperation with Africa has hit stumbling blocks, for example, trade turnover with the countries of sub-Saharan Africa for the period from January to December 2015 was estimated at US$ 3.3 billion.

Turkey: Africa's Friend, Compatriot And Partner

ANKARA, Turkey, June 10, 2016 (Media Release) -- Over the next days, Turkey's political and business leaders will embark on a historic visit to Uganda, Kenya and Somalia. We will seek to promote closer cooperation with our regional allies, develop solutions to shared challenges and explore mutually beneficial opportunities.

Uganda: Russian Firm Pulls Out of Uganda's $4 Billion Oil Refinery

By Frederic Musisi

KAMPALA, Uganda, June 30, 2016 (The East African) -- A Russian consortium RT Global Resources, which was announced as the best preferred bidder for the financing and construction of the $4 billion greenfield oil refinery in Hoima in western Uganda has walked away from the deal in unclear circumstances.